Australia+To+Boost+Defense+Spending
Thursday, 25 February 2016 - 13:40
Australia To Boost Defense Spending
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Australia has announced a surge in defence spending, a move that reflects concern over military expansion in the region.

Military spending will grow by A$29.9b ($21.4b, £15.4b) over next 10 years, the 2016 Defence White Paper outlined.

The largest investment will be made in submarines, with investment also being made in additional naval vessels, fighter jets and personnel.

Under the plan defence spending will comprise 2% of Australia's GDP by 2021.

The report outlines the government's defence priorities to 2035.

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